Sears, K-Mart To Close 120 Stores

By Mike — Wednesday, December 28, 2011

Struggling to keep up with the times and remain competitive with retail behemoths Walmart and Target, Sears Holdings announces the closings of 100-120 Sears and K-Mart stores. Sales are off 5.2 percent in the 4th Quarter and points to a fading brand and aging stores. Only time will tell if this means one less retailer and point of distribution for collectibles, but it may in the short term result in less leverage for the retailer to carry exclusives and cycle in fresh stock.